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Gold-backed oil benchmark (Read 14 times)

Serious Thumper

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Gold-backed oil benchmark
09/06/17 at 06:22:36

https://www.youtube.com/watch?v=geWnRz1XBTw

http://oilprice.com/Latest-Energy-News/World-News/China-Readies-Yuan-Priced-C...

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports

This is going to be an extremely significant.

Best regards,

I don't make the rules, I just know what they are.....

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justin_o_guy2

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What happened?

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East Texas, 1/2 dallas/la.

Re: Gold-backed oil benchmark
Reply #1 - 09/06/17 at 06:50:04

Washington dc just bruised its sphincter.
The gut clutch that this is won't be explained on the news.
You take the global oil sales out of being dollar denominated and
Who NEEDS dollars?
It won't completely destroy the dollar debt market. The Fed will still find buyers, but not as many.

The last two people who decided to sell oil for currencies other than the dollar
Died.
China is not so easily controlled.

This is a B.F.D...
I Wunner where Gadhaffi'S gold and silver went..
Gee,

The people never give up their liberties but under some delusion.- Edmund Burke.

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pg Serious Thumper Offline Posts: 5274 In Transit	Re: Gold-backed oil benchmark Reply #2 - 09/06/17 at 08:28:26 justin_o_guy2 wrote on 09/06/17 at 06:50:04: This is a B.F.D... I Wunner where Gadhaffi'S gold and silver went.. Gee, Also, how all the gold in Ukraine? Best regards,
Back to top	I don't make the rules, I just know what they are..... IP Logged

justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: Gold-backed oil benchmark Reply #3 - 09/06/17 at 10:54:52 You can tell me about that, pop a link, something, okay?
Back to top	The people never give up their liberties but under some delusion.- Edmund Burke. IP Logged

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